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Loan Repayment

Seventy percent of Luther Seminary graduates have student loan debt to repay after graduation. Luther Seminary provides the following information to support graduating students, past students and recent alumni in repaying their loans.

Graduating students

Students who have received Federal Stafford Loans, Federal Perkins Loans or the Luther Seminary Mourer Loan are required to complete exit counseling.

Federal Stafford/Grad PLUS Loans: Student who received Federal Stafford Loans while attending Luther seminary may complete the exit counseling requirement one of two ways. Students may complete the process online by going to www.luthersem.edu/loancounsel and following the links for "Exit Counseling." The Office of Financial Aid will be notified via email for each student that completes the online process. All students must complete the online exit counseling. Students may also request to meet with the Director of Financial Aid to complete this requirement. This method is highly recommended. During an in office appointment, students will be provided with a complete summary of all their student loans, this will include loans received at other schools.

Federal Perkins Loans: Student who received Federal Perkins Loans while attending Luther seminary may complete the exit counseling requirement one of two ways. Students may complete the process online by going to www.luthersem.edu/loancounsel and following the links for "Exit Counseling". The Office of Financial Aid will be notified via email for each student that completes the online process. Students may also request to meet with the Director of Financial Aid to complete this requirement. This is the preferred method. During an in office appointment students will be provided with a complete summary of all their student loans, this will include loans received at other schools. The information will be in much greater detail than the online version. The servicer (who you pay) for Perkins Loans received while at Luther Seminary will be University Accounting Service.

Mourer Loans : Students who received a Mourer Loan while attending Luther Seminary are required to attend an in-office exit counseling session. Because of the partial forgiveness of the Mourer Loan there are a number of details that need to be covered.

The Office of Financial Aid encourages all students to complete their exit counseling with an appointment with the Director of Financial Aid. Much more information can be covered and the appointments are tailored to each students needs.

If at anytime you are have questions or problems regarding the repayment of your loans, please feel free to contact our office. We want to be a resource to you even if the issue is not with Luther Seminary or your Servicer. We may be able to assist with issues and provide current information about your student loans.

Perkins Borrowers - Students who have borrowed under the Federal Perkins Loan program should be making their payments to University Accounting Service (UAS). Checks will be made payable to "Luther Seminary" but sent to UAS. The address for sending payments is:

If at anytime you are having difficulties making your payments or have any questions please feel free to contact UAS.

Mourer Borrowers - Students who have borrowed under the Luther Seminary Mourer Loan program should be making their payments to University Accounting Service (UAS). Checks will be made payable to "Luther Seminary" but sent to UAS. The address for sending payments is:

If at any time you are having difficulties making your payments or have any questions please feel free to contact UAS.

Remember that if you are serving in "ministry" Luther Seminary will cancel up to half your Mourer loan. Luther Seminary will cancel 10% of the original principal per year for up to 5 years. In order to receive the cancellation you must complete and return a "request" form.

This form should not be submitted until after a new year has been completed. If you have questions on the form please contact the Office of Financial Aid at finaid@luthersem.edu. Completed forms should be returned to: